PDF Financial Math Reference Sheet

Financial Math Reference Sheet

Simple Interest I = P rt P = Principle r = Interest Rate t = Time in years

Maturity Simple Interest Value A = P (1 + rt)

Compounding Interest

A

=

P

(1

+

r n

)nt

Present Value for Compounding Interest

P

=

A

(1+

r n

)nt

APR (Annual Percentage Rate)

AP R

=

2nr n+1

n = # of payments

Payment Formula (also Mortgage Payment)

r

PMT

=

A

(n

1-(1+

r n

)-

nt

)

n = # of payments per year (usually 12)

A = Mortgaged amount on loan

Loan Payoff Formula

A

=

P

MT

( 1-(1+

r n

)-

u

r

)

n

u = # of unpaid payments

Net Asset Value of a Mutual Fund

N AV

=

A-L N

A = Total Assets

L = Total Liabilities

N = # of outstanding shares

1

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